Formula 1 News, Drivers, Teams & Line Up

Stay updated with the latest developments, race results, and insights into the dynamic realm of F1 racing. Explore profiles of drivers, delve into team strategies, and keep track of the ever-evolving line-up of powerhouse teams competing for glory on the global stage. Whether it's breaking news, driver transfers, or team dynamics, this resource is your gateway to the thrilling universe of Formula 1.

Dillip Mohanty
Dillip Mohanty

Last Updated: 2024-06-06

Umaima Saeed

What is Formula 1?

Formula One, often known as Formula 1 or F1, stands as the premier category of global racing for open-wheel single-seater formula racing cars. The term "formula" in its title denotes the specific set of regulations that all participating cars must adhere to.

Who conducts Formula 1 races?

This competition is authorized by the Fédération Internationale de l'Automobile (FIA), the governing and regulatory body for global motorsport, the federation of the world's leading motoring organizations. It is responsible for supervising various international motorsport competitions, establishing guidelines, and advocating for road safety. The FIA, a non-profit entity, governs motorsports globally, including F1.

The ownership of the Formula One Group presently rests with Liberty Media, who completed the acquisition in January 2017 from private equity firm CVC Capital Partners for USD 8 billion.

When did the F1 start?

Formula 1 racing began in 1950 and is the world’s most prestigious motor racing competition. The first world championship race took place at Silverstone Circuit in the United Kingdom on 13 May 1950. Each F1 race is known as a Grand Prix, held around the world in purpose-built circuits and sometimes on closed city streets. In F1, drivers compete for the Drivers’ Championship, and teams fight for the Constructors’ Championship. Prize money is distributed based on their position at the end of the season.

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